A new gold zone has been confirmed down-dip at the Mt Flora project as Kin Mining (ASX: KIN) works to revive the field after more than 70 dormant years.
Diamond drilling was conducted on an extension of mineralisation hit by earlier aircore exploration and has established a new Mt Flora Eastern Zone.
The first diamond hole intersected two separate mineralised zones: 8.1m at 2.58 grams per tonne gold from 54m, including 4m at 4.8g/t gold; while the deeper interval covered 5.3m at 6.49g/t gold from 188.3m, including 2.6m at 8.84g/t gold.
The Mt Flora project consists of three contiguous tenements covering 12.82sq km located approximately 48km northeast of Leonora in the Mt Morgan’s district of the Mt Margaret mineral field of Western Australia.
No mining at Mt Flora since the 1950s
Gold mining at Mt Flora dates back to the 1890s but no hard rock mining has been conducted on the holding since the 1950s.
Mt Flora is located 20km east of Kin’s flagship 1.28 million ounce Cardinia project.
Kin managing director Andrew Munckton said it was an “outstanding result” from the first diamond drill hole at the Mt Flora Eastern Zone, which was designed to test below near-surface high-grade intercepts returned from previous aircore drilling.
“In addition, the diamond hole also intersected new mineralisation … east of the main target in an area previously untested by drilling,” he added.
The diamond program explored down dip of those previous aircore intercepts, which included 22m at 8.96g/t gold.
A 25-hole (for 3,169m) reverse circulation drilling program was completed in November at Mt Flora as assays are awaited.
However, the company reports that visual inspection of the RC drill chips shows the drilling did intersect the interpreted zones of high-grade mineralisation seen in both aircore and diamond programs.
New zone may contain several gold lodes
Mr Munckton says the latest results support the company’s view that the Mt Flora Eastern Zone contains several mineralised lodes
“Given exploration at the project remains at an early stage, [it] suggests that Mt Flora has outstanding potential to emerge as a significant new gold discovery.”
The Mt Flora prospect was identified by regional auger sampling undertaken in late 2020, which returned numerous gold and pathfinder elements-in soil anomalies.